SEC Form 4 · accession 0001209191-15-027071
OneSpan Inc. · OSPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifford K Bown
Officer — Executive VP and CFO
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001044777
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value | Mar 13, 2015 | A | 9,472 | $0.00 | A | 296,910 | D | |
| Common Stock, $0.001 par valueF1 | Mar 13, 2015 | A | 28,418 | $0.00 | A | 325,328 | D | |
| Common Stock, $0.001 par valueF2 | Mar 16, 2015 | A | 25,260 | $0.00 | A | 350,588 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired are restricted common stock subject to vesting. Shares vest upon the earlier of: (I) 9,472 shares on January 6, 2016 and 18,946 shares on May 31, 2016 or (II) all remaining unvested shares on the date of a Qualifying Termination as defined in Retention Agreement dated as of the 16th day of March 2015 by and between VASCO Data Security International, Inc. and Clifford K. Bown. Shares also vest upon death or disability.
- F2Shares acquired are restricted common stock subject to vesting. Shares vest upon the earlier of: (I) May 31, 2016 or (II) the date of a Qualifying Termination as defined in certain Retention Agreement dated as of the 16th day of March 2015 by and between VASCO Data Security International, Inc. and Clifford K. Bown. Shares also vest upon death or disability.